DUBLIN, Apr. 13, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Hydraulic Pumps Market 2017-2021" report to their offering.
The global hydraulic pumps market to grow at a CAGR of 4.57% during the period 2017-2021.
The report, Global Hydraulic Pumps Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is fire-resistant hydraulic fluids. Mineral oils are the most commonly used hydraulic fluids. With the aim of conserving depleting energy resources, efforts are being made to switch to liquids that are more reliable and efficient. The increased workload on hydraulic pumps increases the rupture lines, which, in turn, increases the risk of fire.
According to the report, one of the major drivers for this market is growth of construction industry. Hydraulic pumps are extensively used in the construction sector, which is presently undergoing significant expansion globally and hence, is a primary driver for the growth of the hydraulic pumps market. There are a lot of factors leading to the expansion of the construction industry.
Further, the report states that one of the major factors hindering the growth of this market is sluggishness in Chinese economy. The Chinese economy is experiencing a slowdown since 2014, which will have an adverse impact on the country's hydraulic pumps market. In 2014, the Chinese economy grew by only 7.4% which is mainly because of the poor performance of the country's real estate sector and the huge manufacturing overcapacity in state-run enterprises.
- Bosch Rexroth
- Danfoss Power Solutions
- Parker Hannifin
Other prominent vendors
- Bailey International
- Bucher Hydraulics
- Dalian Hydraulic Component
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/x94vqp/global_hydraulic
Research and Markets
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SOURCE Research and Markets